Steven H. Goldberg Sells 15,700 Shares of Solid Power, Inc. (NASDAQ:SLDP) Stock

Solid Power, Inc. (NASDAQ:SLDP) Director Steven H. Goldberg sold 15,700 shares of Solid Power stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $1.49, for a total transaction of $23,393.00. Following the completion of the sale, the director now directly owns 59,197 shares in the company, valued at approximately $88,203.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Solid Power Stock Up 1.0 %

Shares of SLDP traded up $0.02 on Monday, reaching $1.49. The stock had a trading volume of 1,326,178 shares, compared to its average volume of 2,101,654. Solid Power, Inc. has a twelve month low of $1.20 and a twelve month high of $4.68. The firm has a market capitalization of $265.87 million, a PE ratio of -5.92 and a beta of 1.74. The firm has a 50-day moving average of $1.71 and a 200 day moving average of $2.12.

Institutional Trading of Solid Power

Several large investors have recently bought and sold shares of SLDP. Thoroughbred Financial Services LLC purchased a new stake in Solid Power in the 2nd quarter valued at approximately $26,000. Port Capital LLC purchased a new position in Solid Power in the 2nd quarter valued at about $28,000. Sei Investments Co. purchased a new stake in shares of Solid Power during the second quarter worth about $29,000. Jane Street Group LLC purchased a new position in shares of Solid Power during the fourth quarter valued at approximately $30,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in Solid Power in the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 25.62% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Chardan Capital reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Solid Power in a report on Thursday, August 10th. Needham & Company LLC decreased their price target on Solid Power from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $3.58.

Solid Power Company Profile

Solid Power, Inc develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sell its sulfide-based solid electrolyte and to license its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells.